Dec 10, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Health Care Equipment industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.St Jude Medical ranks highest with a forward earnings yield of 9.8%. Following is Medtronic with a forward earnings yield of 8.6%. Orthofix International ranks third highest with a forward earnings yield of 8.2%.
Hologic follows with a forward earnings yield of 8.1%, and Zimmer rounds out the top five with a forward earnings yield of 8.1%.
SmarTrend recommended that its subscribers protect gains by selling shares of St Jude Medical on October 17th, 2012 by issuing a Downtrend alert when the shares were trading at $40.47. Since that call, shares of St Jude Medical have fallen 13.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup